iShares GNMA Bond ETF (NASDAQ:GNMA) Short Interest Update

iShares GNMA Bond ETF (NASDAQ:GNMA) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,587 shares, a decline of 93.5% from the August 15th total of 39,809 shares. Based on an average daily volume of 40,296 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

iShares GNMA Bond ETF Stock Performance

GNMA stock traded down $0.29 on Thursday, hitting $42.89. 15,968 shares of the company were exchanged, compared to its average volume of 37,048. iShares GNMA Bond ETF has a twelve month low of $42.80 and a twelve month high of $45.49. The business’s fifty day moving average is $43.61 and its two-hundred day moving average is $44.09.

iShares GNMA Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.1582 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Tuesday, September 1st.

Institutional Trading of iShares GNMA Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Nwam LLC acquired a new position in iShares GNMA Bond ETF in the second quarter valued at $533,000. Portland Global Advisors LLC increased its stake in iShares GNMA Bond ETF by 3.1% during the fourth quarter. Portland Global Advisors LLC now owns 380,968 shares of the company’s stock worth $16,968,000 after acquiring an additional 11,556 shares during the last quarter. Prosperity Planning Inc. increased its stake in iShares GNMA Bond ETF by 10.4% during the second quarter. Prosperity Planning Inc. now owns 340,879 shares of the company’s stock worth $15,077,000 after acquiring an additional 32,240 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of iShares GNMA Bond ETF by 11.0% in the 1st quarter. Sanctuary Advisors LLC now owns 134,515 shares of the company’s stock worth $5,963,000 after purchasing an additional 13,350 shares during the period. Finally, Avise Financial Cooperative Inc. purchased a new stake in shares of iShares GNMA Bond ETF during the 4th quarter worth about $3,862,000.

About iShares GNMA Bond ETF

The iShares GNMA Bond ETF (GNMA) is an exchange-traded fund that is based on the Bloomberg U.S. GNMA Bond index. The fund tracks a market-value-weighted index of US mortgage pass-through securities issued by Government National Mortgage Association (GNMA), with 30- or 15-year maturities. GNMA was launched on Feb 14, 2012 and is managed by BlackRock.